LAST WEDNESDAY’S (20.04.2011) CLOSE WAS AT 5851.65 (+ 110.90 POINTS). THE DAY HIGH WAS 5857.35 AND LOW WAS 5759.65. WEEKLY HIGH IS AT 5944 AND THE WEEKLY LOW IS AT 5693.
5DMA=5812
20DMA=5761
50DMA=5564
200DMA=5732
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5711. IMMEDIATE INTRADAY SUPPORTS ARE AT 5826, 5800 AND 5756 LEVEL. RESISTANCE ARE AT 5880, 5900 AND 5944 LEVEL.
50DMA=5564
200DMA=5732
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5711. IMMEDIATE INTRADAY SUPPORTS ARE AT 5826, 5800 AND 5756 LEVEL. RESISTANCE ARE AT 5880, 5900 AND 5944 LEVEL.
5-DAY RSI AT 58 AND 14-DAY RSI AT 59 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5880 FOR TARGET 5911/5934; STOPLOSS BELOW 5860.
SELL NIFTY FUTURE BELOW 5840 FOR TARGET 5800/5760; STOPLOSS ABOVE 5860.
SELL NIFTY FUTURE AROUND 5920 FOR TARGET 5902/5880; STOPLOSS 5945
BUY BANK NIFTY FUTURE ABOVE 11,910 FOR TARGET 11,960/11,990; STOPLOSS BELOW 11,870
SELL BANK NIFTY FUTURE AROUND 11,990 FOR TARGET 11,940/11,910; STOPLOSS ABOVE 12,040
